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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)

Canacol Energy Ltd T.CNE

Alternate Symbol(s): CNNEF

Energy Oil & Gas E&P

Canacol Energy Ltd. is a Canada-based natural gas exploration and production company with operations focused on Colombia. The Company’s production primarily consists of natural gas from the Esperanza, VIM-5 and VIM-21 blocks located in the Lower Magdalena Valley basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). It supplies approximately 17% of the country’s gas needs and more than 50% of the Caribbean Coast’s gas demand. Its gas fields which produce from the Cienaga de Oro and Porquero proven reservoirs are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.

TSX:CNE - Post by User

Canacol Energy Ltd

Bullboard Posts

Post by thedave2005on Jun 04, 2014 6:13am

379 Views

Post# 22627783

Canacol's Acquisition in Colombia: Going To $20

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Canacol Energy (CNE) Acquisition in Colombia

....Canacol energy Raised $144 Million To Buy Acreage in Ecopetrol Light Oil Play, Llanos Basin Colombia......

ACQUISITIONS

Since inception in 2008 the Corporation has created over US $1 billion in value from the drill-bit and via strategic acquisitions. Canacol has made 8 key oil discoveries and is achieving over 90% success in developing these discoveries. Over the same period, Canacol grew reserves from 2 to 40+ million barrels of oil equivalent. The Corporation is highly disciplined when scoping for acquisition opportunities and has successfully closed 3 corporate acquisitions each of which led to substantial value growth.